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HomeMy WebLinkAbout02-032 - Resolutions RESOLUTION NO. 02-032 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, APPROVING IMPROVEMENT AGREEMENT AND IMPROVEMENT SECURITIES FOR RANCHO ETIWANDA REVISED UNIVERSITY PROJECT AND THE STREET, STORM DRAIN AND LANDSCAPE INFRASTRUCTUREIMPROVEMENTS WHEREAS,the City Council of the City of Rancho Cucamonga,California,has for its consideration an Improvement Agreement by Rancho Etiwanda 685, LLC, a Delaware Limited Liability Company, as developer, for the improvement of public right-of-way specifically described therein, and generally located on Day Creek Boulevard from the 210 Freeway to 600 feet north of Wilson Avenue on Wilson Avenue, Banyan Street and Vintage Drive all generally between Day Creek Channel-SCE Corridor and Bluegrass Avenue (formerly Hanley Avenue); and WHEREAS, the installation of such improvements, described in said Improvement Agreement and subject to the terms thereof; is to be done in conjunction with the development of said real property as referred to as Rancho Etiwanda Revised University Project and the Street, Storm Drain and Landscape Infrastructure Improvements; and WHEREAS,said Improvement Agreement is secured and accompanied bygood and sufficient Improvement Securities, which are identified in said Improvement Agreement. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, HEREBY RESOLVES as follows: 1. That said Improvement Agreement be and the same is approved and the Mayor is authorized to execute same on behalf of said City and the City Clerk is authorized to attest thereto; and 2. That said Improvement Securities are accepted as good and sufficient, subject to approval as to form and content thereof by the City Attorney. Please see de foawkv page for formal adoption,certification and signatures Resolution No. 02-032 Page 2 of 2 PASSED, APPROVED, AND ADOPTED this 16th day of January 2002. AYES: Alexander, Biane, Curatalo, Dutton, Williams NOES: None ABSENT: None ABSTAINED: None tia William J/1116xander, Mayor ATTEST: Z�' r— ".,' -�/ Debra J. Ada CMC, City Clerk I,DEBRA J.ADAMS,CITY CLERK of the City of Rancho Cucamonga,California,do hereby certify that the foregoing Resolution was duly passed, approved and adopted by the City Council of the City of Rancho Cucamonga, California,at a Regular Meeting of said City Council held on the 16'h day of January 2002. Executed this 17th day of January 2002, at Rancho Cucamonga, California. e ra J. Ada C, City Clerk